The Rev. Jesse L. Jackson presented a powerful defense of the Community Reinvestment Act on Wednesday, blasting Senate Banking Committee Chairman Phil Gramm and the American Bankers Association for trying to weaken the 1977 law.

"The Community Reinvestment Act is to economic justice what Brown v. Board of Education is to public accommodations," the civil rights leader said at a community development conference co-sponsored by the ABA and the Federal Housing Finance Board.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.